NEW YORK (
) -- The ex-dividend date for
Platinum Underwriters Holdings
) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $42.06 as of 9:32 a.m. ET, the dividend yield is 0.7%.
The average volume for Platinum Underwriters has been 278,100 shares per day over the past 30 days. Platinum Underwriters has a market cap of $1.6 billion and is part of the
industry. Shares are down 6.4% year to date as of the close of trading on Wednesday.
Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance products worldwide. The company has a P/E ratio of nine, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Platinum Underwriters as hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and disappointing return on equity. You can view the full